Bitcoin hit its highest in nearly three months
Bitcoin hit its highest in nearly three months. It was last up 5.7% at $46,352.66, while ether was up 5.27% at $3,174.27.
Bitcoin, cryptos post 5th straight week of outflows -CoinShares data
Outflows from the world’s most popular cryptocurrency totaled $33 million in the week ended Aug. 6, compared with $19.7 million the previous week. But so far this year, bitcoin inflows remained a robust $4.2 billion.
Total crypto outflows, meanwhile, added up to nearly $26 million, although CoinShares noted that the magnitude of outflows was much less than in May and June.
Sluggishness in the crypto market was due in part to global regulatory crackdown, analysts say.
Reference: Reuters
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